South Africa Silver History ZA

South African silver coinage traces its origins to the standards of the United Kingdom. From 1923, the Union of South Africa struck silver coins with an 80% purity, a higher standard than the 50% used by Britain or Australia at the time. This remained consistent until 1951, when South Africa eventually followed the global trend of debasement.

The transition to a decimal system in 1961 introduced the Rand and Cents denominations. While many countries abandoned silver during this decade, South Africa briefly returned to high-purity 80% silver for its 1 Rand coins in the late 1960s. These coins, featuring the iconic Springbok design, are a favorite for stackers due to their impressive size and significant bullion weight.

Coin TypePurityYearsASW (oz)
1 Rand (Springbok)80.0%1965-19690.3858
5 Shillings (Springbok)80.0%1923-19500.7273
5 Shillings (Springbok)50.0%1951-19600.4546
2 1/2 Shillings (Half Crown)80.0%1923-19500.3636
2 1/2 Shillings (Half Crown)50.0%1951-19600.2273
2 Shillings80.0%1923-19500.2909
2 Shillings50.0%1951-19600.1818
1 Shilling80.0%1923-19500.1454
1 Shilling50.0%1951-19600.0909
50 Cents50.0%1961-19640.1500
6 Pence80.0%1923-19500.0727
6 Pence50.0%1951-19600.0454
3 Pence (Tickey)80.0%1923-19500.0364
3 Pence (Tickey)50.0%1951-19600.0227
STEALTH PRO TIP: The 1965-1969 1 Rand is a sleeper in the world silver market. While the earlier 50 Cent coins dropped to 50% purity, the 1 Rand jumped back up to 80% silver. They are nearly identical in size to the earlier 5 Shillings, but because they are "modern" decimal coins, they can sometimes be found for lower premiums in bulk lots.
Find some South African Silver for the stack!
As an eBay Partner, we may be compensated for qualifying purchases.